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New rule targets bait-and-switch tactics and junk fees, two tactics often used against car buyers. ... The Federal Trade Commission started talking about this new rule in 2022, but it won't go ...
Auto dealers will be barred from luring vehicle buyers with promises they do not keep and will not be able to charge junk fees - like a service contract for an oil change for an electric vehicle ...
The Federal Trade Commission finalized its CARS Rule — the Combating Auto Retail Scams Rule — on Dec. 12, 2023, with talk about bringing more transparency to car buying and leasing.
A pre-purchase inspection is an independent, third-party professional service that evaluates a vehicle’s condition before a purchase offer is made.Consumer protection organizations such as the Federal Trade Commission, [1] the American Bar Association, [2] insurance companies, and states recommend an independent pre-purchase inspection.
Used car pricing reports typically produce three forms of the pricing information. Dealer or retail price is the price expected to pay if buying from a licensed new-car or used-car dealer. Dealer trade-in price or wholesale price is the price a shopper should expect to receive from a dealer if trading in a car.
For example, the buyer of a Tesla Roadster, a fully electric vehicle, will receive a much larger tax credit than the buyer of a standard hybrid, which will pollute much more during its lifespan. [9] The federal government now lists models that are pre-approved to receive a tax credit; some other models may qualify on an ad hoc basis.
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